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Failure of Akron Bank, AKRON, July 31.-The,Akrop Savings Bank failed to-day. William Buchtel, the president, has been appointed receiver. The capital stock is $200,000, reserve $50 000. The bank will pay in full. Inability to realize on securities and heavy withdrawals were the cause.
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Same Old Song. AKRON, Ohio, July 31.-The Akron Savings bank did not open this morning for business. Wm. Buchell, president of the bank, has been appointed receiver. The capital stock is two hundred thousand, with a reserve fund of fifty thousand dollars, and undivided profits of eighteen thousand. The bank will pay dollar for dol lar. The cause of the suspension was the inability of the bank to realize on securities.
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AKRON, O., July 31.-The Akron Savings bank, unable to realize on securities, suspended this morning. Its president, William Butchel, was appointed receiver. The capital is $200,000, with a reserve of $50,000. The bank will pay in full.
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Akron Bank Closed. AKRON, O., July 31.-The Akron Savings Bank did not open this morning for business. William Buchtel, president of the bank, has been appointed receiver. The capital stock is $200,000, with a reserve fund of $50,000 and undivided profits of $18,000. The bank will pay dollar for dollar. Cause of suspension inability to realizo on 80curities.
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Savings Bank Suspends. AKRON, O., July 31.-The - Akron Savings Bank suspended this morning, the suspension being caused by the closing of the Citizen's Saturday, which caused a run Saturday night resulting in the withdrawal of over $15,000. To avoid Monday's rush the bank put up its shutters. Total resources, $973,634.33; liabilities, $522,460.
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A Bank Falls to Open. AKRON, O,, July 31.-The Akron savings bank failed to open its doors Monday morning, and, in accordance with a resolution of the directors, passed into the hunds of William Buchtel'as receiver. William Buchtel is president, and Aaron Waggoner cashier. The bank's capital is $200,000, surplus $50,000, undivided profits Assurance is given that the $18,000. bank will pay dollar for dollar.
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AN AKRON BANK SUSPENDS. Its Resources Said to Be Nearly Double Its Liabilities. Akron, O., July 31.-The Akron Savings Bank suspended this morning. The suspension was caused by the closing of the Citizens' Bank on Saturday, that caused a run Saturday night, resulting in the withdrawal of over $15,000. To avoid Monday's rush the bank put up its shutters. The total resources are given out as $973,634.33, and the total liabilities at $522,460. William Buchel, president of the institution has been appointed receiver.
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EASTERN BANK TROUBLES. Runs on Financial Institutions-Several Suspensions, NEWARK, N. J., July 31.-The run on the Howard Savings Institution continued today. The crowd in front of the building was so large that the aid of the police was necessary to keep the anxious people in order. HORNELLSVILLE, N. Y,, July 31.-N. M. Craveland, a private banker, failed this morning. The assets are said to exceed the liabilities. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital, $200,000; reserve, $50,000; surplus, $18,000. It will pay in full. ASHLAND, Wis., July 31.-The First National bank failed this morning, owing to a steady drain on the deposits. The resources July 15th were $396,489. Heavy runs on other banks resulted. CEDAR RAPIDS, Ia., July 31.-A. Daniels & Co., private bankers at Marion, made an assignment of property valued $200,000. It is believed all will be paid in full, and that the bank will be open in a few days. No statement of assets and liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. Other banks are not affected. No further trouble is expected.
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TELEGRAPHIC BY ASSOCIATED PRESS TO JOURNAL-MINER. The Daily List of Bank Failures. Akbon, O., August L-The Akron Savings bank has failed. PORTLAND, August 1.-The First National Bank in East Portland and the First National Bank at the Dalles have failed. ASHLAND, WIS., August 1.-The First National Bank here has failed. Runs are being made on other banks but it is thought they can stand the pressure. SPRINGFIELD, Mo.August 1-The Springfield Savings bank has failed. Judge Ross Hits the Geary Act. Los ANGELES, August 1.-United States Judge Ross has decided that the part of the Geary Act prescribing punishment for Chinese illegally in the United States, is contrary to the constitution and void. He decided that the deportation clause is legal. A Big Fire in Frisco. SAN FRANCISCO, Aug. 1.-A fire last night destroyed Buyer & Reich's dry goods store. The loss is estimated at $100,000. The Silver Convention in Session. Chicago, Aug. 2-The National Convention of bi-metalic leagues began here this morning. Prominent silver men from all parts of the continent are in attendance. Burned Out the Chinamen. DENVER, Aug. 2.-The white miners at Como burned the headquarters of the Chinese miners. Eight Chinese miners are supposed to have burned to death. It Will Make Good Pork. TOSTORIA, OHIO, Aug. 2.-On account of the low price of wheat, farmers here are feeding wheat to hogs. Another Failure. Philadelphia, Pa., Aug. 2-The Philadelphia Packing Company has failed for a large amount.
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BANK FAILURES. The Commercial bank of Cottage Grove, Or., has failed. The Akron, O., Savings bank has suspended. The suspension was caused by the closing of the Citizens' bank Saturday. The Wyandofte County bank at Upper Sandusky, O., has gone into the hands of receivers. The bank officials claim the assets are sufficient to pay depositors three times over.
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THE troubles in Akron yesterday were precipitated by timid farmers, who drew their money out of savings banks, and then hid it from sight. Scare money makes low prices. The present low price of farm products is caused by scarce money. The men who take their money out of use and put it where it is no use, are largely responsible for the present money famine. The failure of the Akron Savings bank yesterday was caused solely by the withdrawal of deposits by those who did not need their money. The bank is conceded to be solvent.
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GENERAL MANAGEB W.S MELLEN, Pa- of the Northern Pacific, died on the cific coast recently. THE clearing house committee of Chicago has decided to issue clearing house certificates A SERIOUS state of affairs existed at Denver, Cob. owing to the vast numbers of unemployed, who were holding the meetings and threatening to loot the National banks requested milicity. protection of the United States tary, which they were able to do, being national CASHIER depositories OVERTON S. PRICE, of the Citizens' national bank, of Hillsboro, O., is under arrest. THERE was a bitter wrangle on about the arbitrary freight rates between Bluffs. jobbers of Omaha and Council First national bank of Great the Falls, THE Mont., suspended, owing to beHelena bank suspensions. It was lieved it would soon resume. THE world's fair management is again undecided about Sunday opening. THREE harvest excursions for points fair the west and south, at world's West in rates, have been arranged by the Passenger association. ern THE Roby boarding-house at Decatur, III. has been set on fire four times within thirty-eight days NINETY-SIX business houses were de- made stroyed and sixteen families were homeless by fire at Fifield, Wis. THE Standard Oil is again in com- the plete control of Colorado. Its rival, Rocky Mountain Oil Co., is no more, and the big petroleum monopoly has the field to itself once more. THERE were runs at Chippewa Falls, Wis., caused by the failure of Seymour's private bank. UNITED STATES MARSHAL Nix has in his possession about fifty head of cattle of which he confiscated from the gang were horse and cattle thieves who captured in the Cherokee strip. THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. THE gates of the world's fair were opened last Sunday. THE Denver chamber of commerce and board of trade have sent a.silver memorial to congress ONE person was killed and three acothers were seriously injured in an eident on a bridge at Chicago. DR. LEE LING,a Chinese physician, of Chicago, and Miss Lizzie Fairman, were an American girl, of the same city, recently married at Peoria, Ill. SECRETARY HOKE SMITH was Langed the in effigy at Rome, O., because of suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets $160,000; liabilities unknown. The are firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed in the residence of Mrs. R. Ammon at broad daylight. The thieves,after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and $2,gold watch, the whole value being 000, and made good their escape. THERE was a run on the banks at of Ashland, Wis., caused by the failure the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account MRS. LUCILLE RODNEN. of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N.D., while lighting a fire with kerosene. Two children were burned to death. caused by a delay in payment was reported at of town of A wages, RIOT, Virginia, Minn. the mining workmen were assaulted by lumber after a desperate land, and NON-UNION beaten Wis., shovers encounter at Ashwith the police. WILLIAM NONEMACHER, a farmer living near Antigo, Wis., killed his wife and three children and made an unsuecessful attempt to end his own life. THE third trial of M. B. Curtis, the actor, for murder has commenced at San Francisco THE attorney -general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE, who is insane over pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE SOUTH. and a were & killed a collision on the Four-tramps by brakeman Va. Norfolk Western, near Welch, W. TAYLOR, Lulu Smith and Nellie all Marian MAGGIE drowned Patrick, Johnson, Patwomen, were near young It's
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To Reopen Its Doors. AKRON, OHIO, August 4.-Six hundred of the depositors of the Akron Savings Bank assembled last evening in Columbia Hall, and unanimously agreed to a plan whereby the Institution will be enabled to discharge the receiver and open its docrs for business next Monday morning.
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Akron's Bank to be Resumed. Akron, Ohio, Aug. 4.-Six hundred depositors of the Akron Savings bank assembled last evening in Columbia hall and unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning.
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A Bank Will Open. AKRON, O., Aug. - -Fifteen hundred of the depositors of the Akron Savings bank assembled last evening in Columbia hall and unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning. The plan provides for the payment of 25 per cent on or after ninety days from date of opening and 25 per cent each quarter thereafter or as much earlier as may appear feasible to the bank officials. The receiver reported total assets. $754,984.88; liabilities, 505,916.44, and securities giltedged.
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THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves.after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape. THERE was a run on the banks at Ashland, Wis., caused by the failure of the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account. MRS. LUCILLE RODNEY, of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N. D., while lighting a fire with kerosene. Two children were burned to death. A RIOT, caused by a delay in payment of wages, was reported at the mining town of Virginia, Minn. NON-UNION workmen were assaulted and beaten by lumber shovers at Ashland. Wis., after a desperate encounter with the police. WILLIAM NONEMACHER. a farmer living near Antigo, Wis., killed his wife and three children and made an unsuccessful attempt to end his own life. THE third trial of M. B. Curtis, the actor. for murder has commenced at San Francisco. THE attorney-general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE. who is insane over a pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE Cudahy corner in pork and lard collapsed at Chicago on the 1st. Six prominent firms, including John Cudahy, went down in the wreck. THE Journal, of Mianeapolis, Minn., says that Mgr. Satolli is resolved upon humbling Archbishop Corrigan, of New York. AT Utica. O., John Tattle, two men named Bell. a Mr. Bowers and Mr. Skillen were killed and Joseph Shippen was fatally injured by the explosion of the boiler of a threshing machine. THE Seven Corners bank, of St. Paul, Minn., has assigned. THE Wyandotte county bank, of Upper Sandusky, O., has closed its doors. THE national silver convention met as arranged at Chicago on the 1st. FIVE section men on a hand car on the Vandalia railroad were held up by a single masked man and robbed of nearly $150. THE First national bank of Kendallville, Ind., which suspended payment June 22, has been permitted to reopen its doors for business. THE fine steamboat owned by Capt. A. T. L. Armstrong, of Nashville, Tenn., was burned at New Albany, Ind. Loss. $80,000. THE Milwaukee & St. Paul earnings for June make a most satisfactory showing.
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GENERAL NEWS NOTES. ar Items of Interest Gathered From Various Quarters. of By the votes of four Ohio Democratic i congressmen, Hon. S.S. Yoder was ded feated for the office of sergeant-at-ar of the House of it a Tillman, of South Carolina, to Governor Representatives. constables be has issued orders to his shoot anyone interfering with the liquor law. In a quarrel about some wheat Asa of Licking county, was shot dead. Smith and Charles was Smith, George William Smith and Ed. dangerously shot by Howell. William Howell was also shot and will die. George Gould thinks the abuse of the railroad is hurting business. Curtis R. Goddard, an inventor of genius, but who had lost all he had ever at made, was killed by an engine d Ashtabula. A colored child was born in the penitentiary on Saturday. The Pioneer Pottery Company, at d Wellsville, has assigned. Three sleepers of a west bound train on the Lake Shore jumped the track near Fremont and crashed into a freight on Saturday night. Several persons were killed. A gang of tramps took possession of a train at Delphos and overawed the trainmen. William Dilworth was found dead near Cuyahoga Falls. John Chew, an Urbana man, was stabbed to death at Monmouth race track. Four white caps were killed at Corydon, Ind., by two brothers, whom the white caps supposed to have murdered their father. The gates of the Fair were open Sunday but few people passed through them. Captain A. R. Bell, of the East LiverCrisis, shot a neighbor named as the outcome a the children of each started pool Robinson by of in quarrel reference to a dog. The reservoir at Portland, Me., burst and four persons were drowned. A ship suspected of having cholera on board arrived at quarantine Saturday and was detained. The gold reserve again reached the $100,000,000 limit last week. Governor Campbell positively declines to accept a nomination for Governor. Guy Jordan, 15-year-old boy of Athens county, was dragged to death by a horse strap he as a result of the around being was wrapped leading, his cutting wrist. The Fair managers are down expenses wherever possible. In reply to attacks on his honesty, Hon. Chas. Foster invites a full investigation of his business methods. In view of the hard times wages are of being reduced in nearly all lines business. The Tacoma Chamber of Commerce the resolved in favor of the repeal of of Sherman has law and against any change the tariff. The old fashioned potato'bug is doing the much damage in some sections of State. Frank Vanloon, the Columbus Grove bank robber and murderer, was executed at the penitentiary on Friday morning. The grand jury at Chicago is investi- fire. gating the cold storage warehouse It is claimed to have been incendiary. In New York City there are 36,000 out of work. Samuel Billman, of Republic, committed suicide on account of financial troubles. The Akron Savings Bank will resume. The banks of New York are refusing absocash checks unless there is an also lute to necessity for currency and are paying a premium on currency. Hawaii will insist on annexation pure and to the VanKirk, a board trade beNelson simple United States. himself of in Chicago, shot he had failed cause operator Nine persons financially. drowned by were Lake the sinking of a pleasure boat on George. Antiock college people are into a row. a The negroes of the South will blacks hold meeting to condemn outrages by white women. on of the creditors of Hon. Charles of Foster Some have asked for the removal Assignee Gormley. Democratic Convention is in The Cincinnati Larry Nealseems in the lead for session to be at Governor. to Three miners were crushed death a mine at Coalton. in boat at Atlantic City turned over the A four persons were thrown into and water. All but one were rescued. Tim Donavin was arrested at several Akron with being the author of charged incendiary fires. He plead guilty. Richardson, of New is York, still broke Harry his neck while bathing and living. Ramsay a well- to do farmer, was of killed Wm. by being thrown in the knives a reaping machine. Mansfield Policeman Englehart he was At shot by an unknown as He fell was by the railroad track. cut to in standing front of an engine and was pieces. Senator Hill has introduced a bill to repeal the silver purchase act. reform and free coinage President's Democrats Tariff are disgusted with message. Harrison, Mayor of Chicago, more threathens Carter anarchy unless we get money. row with some neighbors Squire was Ansley, In of near East Liverpool, terribly beaten. Congress is now in session, be and done- it is presumed that something will but just what no man knoweth. Postal Orders. new postal money orders, Demonsment which The ordered hat the
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or court ะญะะข. refusing to obey Gov. Lewelling's orders in the late legislative row began at Topeka, Kan., on the 2d. Hughes' counsel raised a question as to the eligibility of Gen. W. H. Sears, president of the court. Ex-Gov. CAMPBELL, of Ohio, denies emphatically that he is in the field again for the democraticnomination. THE officials of the world's fair announce that the finances are now in a satisfactory shape. THE silver convention effected a permanent organization by electing Gen, A. J. Warner president. THE private bank of Lazarus Silverman, Chicago, has suspended. GEN. W. P. INNES died recently at Grand Rapids, Mich. During the war he organized a regiment of mechanics, which was of great use in building and repairing bridges. INSPECTOR THORNBY, who had a fight with World's Fair Commissioner St. Clair and was discharged, has been reinstated. STRIKING iron men at Ely, Minn., have warned the cashier of one of the companies to leave the place, threatening to burn him alive. STARTLING developments are coming to light about the cold storage fire at Chicago, a witness testifying that the place was robbed and fired by an organized gang. THE Osage Indians, being well fixed financially, have declined to sell their lands to the government. SCHNAUBELT, the Haymarket bomb thrower, is reported to be living in Springfield, O. THE Michigan Peninsular Car Co., of Detroit. has laid off 500 employes and reduced the wages of the remaining 700 each 10 to 15 cents a day. LARGE numbers of Austrians and Italians are leaving Pueblo, Col., and returning to their native homes. ATTORNEY-GENERAL ELLIS, of Michigan. has given an opinion to the effect that the insurance law passed by the late legislature is unconstitutional, owing to section 5, which permits unauthorized companies to do business in that state. THE Union Stock Yards Co., at Rodeo, Contra Rista county, Cal., has suspended operations because of the inability of packers to continue under existing financial conditions. The plant is new and valuable and has only been running a few months. MRS. MARIA L. MITCHELL, widow of Alexander Mitchell, of Milwaukee, has begun a suit against her son. Senator John L. Mitchell, and the Wisconsin Marine & Fire Insurance Co.'s bank. The bank owes her $200,000, it is learned from good authority, and her son, it is alleged, is behind some $50,000 on her annual allowance. THE Anti-Somerby Iron Hallers in session at Indianapolis got down to work and materially modified the organic laws of the order. A BAD row between non-union and union sailors occurred at Chicago. Two men were probably fatally hurt. AT a colored emancipation celebration at Goose Neck Bend, I. T., John Vann, a colored desperado, was killed by a young white man named Singleton and almost a race war was precipitated by the occurrence. NELSON VAN KIRK, for many years a well known trader on the Chicago board of trade, committed suicide after failing. THE pruning of the expenses of the fair goes on and every effort is being made to save money with which to meet the bonds. JOSEPH W. HOWELL, who murdered a woman and four children near Brookfield, Mo., January 9, 1889, was executed at Trenton, Mo., on the 4th. WALKER & Co., dry goods, Chicago, failed. THE American Loan & Trust Co. has resumed business at Omaha under the old officers. THE Choctaw elections resulted in a victory for the Locke faction. A FIRE at Princeton, Minn., destroyed the First national bank building, a hotel and six business houses, causing a loss of $50,000; insurance only partial. FIFTEEN hundred of the depositors of the Akron, 0., Savings bank unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for
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A Bitter Feeling. AKRON, Ohio, Sept. 11.-The receiver of the Akron Savings bank was discharged to-day and the bank resumed business in better condition than ever.
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# Receiver Discharged. AKRON, Ohio, Sept. 11.-The receiver of the Akron Savings bank was discharged today. The bank is reported in better condition than ever before.
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a Bank Receiver Discharged. MRON, O., Sept. 12.-The receiver of the Akron Savings bank has been discharged. The bank is reported in better condition than ever before.